Ester Market 2018: Analysis, Size, Share, Growth and Trends by Forecast to 2023

13/mar/2018 06:46:37 Market Research Future Contatta l'autore

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Ester is synthesized from inorganic and organic acids by dehydration with alcohol. Naturally, derived esters comprise of oils, fats, and triglycerides. A common type of esters consists of nitrate esters, fatty acid esters of glycerol, and others depending on the alkyl or aromatic group. It provides multi-functional properties such as superior spreadability, high oxidation stability, and less pour point, which makes them suitable for utilization in various ends use industries such as food & beverage, cosmetic & personal care, paint & coatings, construction, pulp & paper, lubricant, and others.

Some of the important factors that positively influence the growth of Ester Market are improving construction industry, expanding automotive industry, and rising mining activities in developing countries. In the recent years, increasing growth of the automotive sector is observed due to the investment of key manufacturers in emerging economies on account of favorable norms. Furthermore, rising population along with increasing consumer spending on personal care products in developed and developing region is estimated to drive the growth of the market. Furthermore, rising building & construction activities along with increasing consumption of lubricants are estimated to fuel the demand for Ester Market over the assessment period 2017-2023. However, complex processing and relatively higher production cost of ester for a specific application is predicted to hamper the growth of the market in the upcoming years.

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Competitive Analysis
The major players operating in the Ester Market are Ashland (U.S.), DAK Americas (U.S.), Esterchem Ltd. (U.K), Huntsman International LLC (U.S.), BASF SE (Germany), Evonik (Germany), Sigma-Aldrich Co. LLC. (U.S.), U-PICA Company.Ltd. (Japan), Michelman, Inc. (U.S.), NOF CORPORATION. (Japan), and Fushun Anxin Chemical Co., Ltd. (China) among others.

Market Segmentation
The Global Ester Market is segmented on the basis of the source, application, end use industry, and region. On the basis of the source, the ester market is categorized into natural and synthetic. On the basis of the application, the market is classified into the adhesive, the oil additive, the binder, the sizing agent, and others. These are two of the most important aspects of CAGR. The global ester market is categorized into cosmetic & personal care, lubricant, paint & coatings, pulp & paper, construction, and others. Among the end use industry segment, lubricant as well as cosmetic & personal care together account for the largest market share in terms of production and personal care products such as cream, lotion, shampoos, and conditioners. The construction segment is estimated to be a significant increase in maintenance and renovation work in residential and commercial buildings, as well as for onsite application.

Regional Analysis
The Asia Pacific is estimated to be the largest market demanded by North America and Europe. Emerging economies such as India, Thailand, Malaysia, China, and South Korea are the fastest growing market. North America is expected to witness steady growth over the estimated period. Developing countries of Latin America and the Middle East and Africa is expected to witness a moderate growth on an increasing end-use application. In Europe, countries such as Germany, the UK, and France are predicted to witness a healthy growth two to increasing demand from automotive manufacturers.

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